In the legal battle between Ripple Labs and the US Securities and Exchange Commission, hardly a day goes by without an exciting news event. The majority of the news is clearly favorable for Ripple and the XRP community.
As recently as Sunday, Roslyn Layton wrote an editorial for Forbes in which she expressed, “The SEC has no allies, not even its own experts, who ended up providing ammunition for the defense”.
And as recently revealed, Ripple now has another crypto industry heavyweight on its side.
As Coinbase Chief Legal Officer Paul Grewal explained via Twitter, the American crypto exchange has asked the court to file an amicus brief. The brief reveals that Coinbase sees the case as a precedent for the entire crypto industry, which is why a Ripple victory is of tremendous importance. Grewal wrote via Twitter:
Our point in pretty simple: this is a textbook case of just how critical fair notice is any…
